01/04/2025 09:28

XERO (XRO) $154.75

We have held XRO since 2020, and the position has served us well, with a few dips along the way, as is to be expected from high-valuation growth stocks. The online accounting business has impressed us over the last year with how it has blended growth with improving earnings.

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28/03/2025 09:39

Xero Ltd (XRO) $159.14

XRO is another quality business that was trading at a high valuation in February, but this has been addressed by a run for the exits across the crowded growth space, especially among momentum traders when the music stopped playing, i.e. at its worst, the ASX200 had corrected 10.2% whereas XRO fell by almost 19%.

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30/01/2025 09:41

Xero Ltd (XRO) $180.00

Our XRO position is up over 75%, and like the ASX200, it's knocking on the door of all-time highs. The online accounting business delivered another solid result in November, showcasing how it is successfully balancing growth with improving earnings.

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26/11/2024 09:48

Xero (XRO) Ltd $174.50

It's easy to grab profits, but psychologically, it's harder for many to run them, yet all trading and investment books spout, “Run your profits and cut your losses.”

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14/11/2024 16:52

Xero (XRO) $171.00

XRO +5.85%: A solid 1H25 result from the Accounting platform today, effectively showing their transformation towards more equitably balancing profit and growth is working.

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12/11/2024 09:28

Xero Ltd (XRO) $159.62

We have included accounting platform XRO today to illustrate we don’t just sell stocks when they make fresh highs, in the case of XRO we believe it’s at a very interesting juncture from a monetarisation perspective and can still trade higher.

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22/10/2024 09:19

Xero Ltd (XRO) $151.00

Like all tech companies, XRO is looking to further monetise its ~4.2m subscribers with price hikes pushed through in Q3. Investors will be focusing next month on how sticky users are with these higher prices; we suspect very.

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09/10/2024 09:26

Xero Ltd (XRO) $145.15

Following our bullish outlook for the NASDAQ into Christmas, we have reconsidered our ASX tech exposure, specifically with Xero (XRO) set to report its 1H result next month.

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17/09/2024 09:21

Xero Ltd (XRO) $144.40

XRO continues to trade around its two-year high, and while it would be easy to grab our profits (~40%) and move on to fresh pastures, we see no reason as the business successfully pushes price hikes onto its growing number of customers. MM uses XRO, along with another 4.16m subscribers across 180 countries,  and once it's all setup, it's hard work to move elsewhere, which equates to a sticky revenue stream

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01/08/2024 09:37

Xero Ltd (XRO) v NEXTDC (NXT)

We started reducing our exposure to XRO in mid-July on valuation grounds, and we are again considering going one step further and switching to fellow tech name NXT. So far in 2024, both stocks have rallied +23%, but we now see more upside from the data centre developer as opposed to the digital accountancy business, with the recent 27% correction in the highly correlated AI giant Nvidia affording us a better entry into NXT, i.e. AI requires huge amounts of energy and storage which NXT delivers with its data centres

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